Patch of Land, the go-to online platform for peer-to-peer real estate lending, announced partnerships with broker-dealer WealthForge, P2P lending search and analysis software developer Lendvious and alternative asset custodian Kingdom Trust. Each partnership offers unique capabilities intended to provide best services and practices for the Peer-to-Peer Real Estate Crowdfinancing community. The announcements were made at Lendit, the world’s largest peer-to-peer and online lending conference.
Patch of Land – WealthForge
Patch of Land and WealthForge today announced a collaboration to help make online real estate investing, specifically into real estate loans, more accessible for accredited investors. Patch of Land, which to date has funded more than $2.3 million in real estate transactions through a mix of its own pre-funding mechanism and accredited investors is working with WealthForge as its broker-dealer. WealthForge, which helps enable online private investments in a variety of industries, provides its clients with the technology and oversight needed to complete transactions within Securities & Exchange Commission (“SEC”) regulations.
“Working with WealthForge provides an added level of oversight for our clients, ensuring our investment offerings are 100% compliant,” says Jason Fritton, COO and Co-Founder of Patch of Land. “The partnership frees up more time and energy to investigate and select the best real estate opportunities for our investors, and that’s the right place for our focus.” “Patch of Land is experiencing tremendous growth – funding 10 properties in just 7 months. As we continue to expand our investor community and our focus on high-yield, asset-backed, real estate debt, we felt it necessary to align with an established broker-dealer fully capable of handling our increasing volume levels in accordance with all SEC regulations.”
“Patch of Land is an online real estate venue for accredited investors at the forefront of a highly successful space,” said Mat Dellorso, co-founder and CEO of WealthForge. “As it continues to satisfy investors and rebuild communities in the process, we are onboard to be the back-end pipeline that supports its growth, facilitating each investment in accordance with the proper regulations. Our team is in place to provide a seamless and compliant investor experience that Patch of Land investors are already familiar with. ”
Patch of Land – Lendvious
Patch of Land and Crowdnetic, the leading provider of market data solutions for the global crowdfinance industry, announced today that Patch of Land is the first real estate peer platform to partner on Lendvious, Crowdnetic’s new unbiased and comprehensive marketplace for peer finance borrowers and investors. Lendvious provides the powerful tools and detailed information needed to make informed peer finance decisions.
“Online crowdfinancing is enabling new ways for borrowers and investors to work together, with more transparency and less limitations that conventional banking fostered. Patch of Land is committed to transparency and offering the most rewarding and promising deals to investors. We even put our own skin in the game to show our commitment and confidence in our offerings,” says Carlo Tabibi, Co-Founder and CEO of Patch of Land. “We’re proud to be the first real estate platform on Lendvious. It’s clear this is the direction crowdfunding is going to continue to grow and we keen to showcase our opportunities there.”
“Our goal is to grow awareness and foster a structured environment for the burgeoning crowdfunding industry,” says Luan Cox, Founder and CEO of Crowdnetic. “Lendvious is devoted to enhancing and developing the peer-to-peer and peer-to-business ecosystem. We are thrilled to welcome Patch of Land as our first real estate platform.”
Patch of Land - Kingdom Trust
Patch of Land and Kingdom Trust, a premier alternative asset custodian, announced a strategic partnership to give IRA owners easier access to real estate lending investments through Patch of Land’s online and mobile marketplace.
“Our two companies are working to raise the level of awareness to all investors. Kingdom Trust serves as the custodian for investors who wish to use their IRAs to invest in alternative assets like real estate and real estate loans,” said Kingdom Trust’s Vice President of Business Development James Jones. “Patch of Land will open up more opportunities to investors who wish to invest in real estate notes.”
“Patch of Land is a natural fit with Kingdom Trust’s business model,” Carlo Tabibi, CEO of Patch of Land Inc., says, “Both their institutional custody and self-directed IRA services are designed to help accredited investors and their advisors invest in private placements and alternative investment funds. This makes Kingdom Trust an ideal custodian for Patch of Land.”
Source: Patch of Land Inc.